Indian economy grew by 8.9% in Q2

Indian economy grew by 8.9% in Q2

Driven by good performance of agriculture and manufacturing, the Indian economy grew by 8.9 per cent in the second quarter of the current fiscal, up from 8.7 per cent in the corresponding period a year ago.

The growth rate for the first quarter was revised upwards to 8.9 per cent from 8.8 per cent.

This took the overall economic expansion during the first half (April-September) to 8.9 per cent, up from 7.5 per cent in the corresponding period a year ago.

Indian economy grew by 8.9% in Q2

With the economy expanding at an impressive pace in the second quarter, industry body Assocham said on Tuesday the overall gross domestic product for 2010-11 is likely to be more than 9 per cent.

"The GDP numbers seem exciting and highly endorse the India's growth story," chamber's president Swati Piramal said. Assocham is expecting the overall will grow by more than 9 per cent in this financial year, she added.

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Image: Children participate in a full-dress rehearsal during Independence Day celebrations at Red Fort.Photographs: S B Mathur/Reuters